Top 10 Cryptos
At the moment of writing, top 10 assets were crashing hard, with only one asset in green and the rest in red
After a short respite yesterday morning, the market seems again in free fall. The only altcoins showing signs of rebounding are XRP and IOTA.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $1.12 on Coinmarketcap, sharply down from yesterday in fiat and in BTC.
On the 1 hour chart, STEEM is showing consistent sell-off, on significant volume, driving the price down with almost 2k satoshis (from 17k to 15k)
The 1 day chart is still very bearish, with no support in sign (at least none until $1)
SBD was trading, at the moment of writing, at $1.04, slightly down in fiat from yesterday, and down in BTC.
The 1 hour chart shows stabilization around 14k satoshis
The 1 day chart is also flat around 14k satoshis
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 0.916 STEEM for 1 SBD, up from yesterday, and under parity. SBD printing rate is 22.33%, down from yesterday.
Overall opinion: Although Bitcoin is still almost 3 times higher than at the same time last year (which still means 300% profits) panic seems to have infiltrated the markets big time. The same pattern seems to manifest in the STEEM ecosystem as well, the only good news being that SBD is finally back at the peg.
Disclaimer: I'm not a trader and this is not trading advice. I'm writing these articles for my own educational purposes and they are not meant as an investment foundation. Please make your own due diligences when investing and never invest more than you can afford to lose.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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